The Gabelli Utility Trust (NYSE:GUT) Plans $0.05 Dividend

The Gabelli Utility Trust (NYSE:GUT) announced a dividend on Wednesday, October 16th, investing.com reports. Stockholders of record on Friday, October 18th will be given a dividend of 0.05 per share by the investment management company on Thursday, October 24th. This represents a dividend yield of 11.54%. The ex-dividend date of this dividend is Thursday, October 17th.

The Gabelli Utility Trust Price Performance

Shares of The Gabelli Utility Trust stock traded up $0.09 on Wednesday, reaching $5.21. The stock had a trading volume of 342,707 shares, compared to its average volume of 186,508. The business’s 50-day moving average price is $5.64 and its two-hundred day moving average price is $5.81. The Gabelli Utility Trust has a fifty-two week low of $4.97 and a fifty-two week high of $6.30.

About The Gabelli Utility Trust

The Gabelli Utility Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets across the globe. It makes its investments in stocks of companies providing products, services, or equipment for the generation or distribution of electricity, gas, water, telecommunications services, and infrastructure operations.